Monday, December 26, 2011

Huguette Clark Owed Millions in Gift Tax

For an eccentric recluse, Huguette Clark seemed to have had her affairs in good order, thanks to her lawyer and accountant. Now the accountant has resigned as an executor of her $400 million estate, amid charges that Huguette – and now her estate – owe the IRS some $90 million in gift taxes and penalties.

Obvious question: Who received those humongous gifts?

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